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Japan's Matsuno says rapid FX moves are undesirable

Japan chief cabinet secretary Matsuno with some verbal intervention to proper up the yen: Important for currencies to move in stable manner reflecting fundamentalsRapid fx moves undesirableWon't comment on forex levels Won't rule out any steps to respond to disorderly fx movesOf course the huge monetary policy divergence between the Federal Reserve and the Bank of Japan is a powerful fundamental.--Earlier from Finance Minister Suzuki Japan finance minister Suzuki has no comment on the weak yenAn... Read More

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Posted: Nov 1 2023, 02:11

Author Name: forexlive

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